Nov. 4--PROLOGIS LEASING AT CLIFTON CENTER: CLIFTON -- ProLogis, the world's largest owner of distribution facilities, has leased 75,400 square feet at the Clifton Distribution Center, the company said Monday.

The lease is with third-party logistics provider Bartlett Distribution Services and is the company's first with ProLogis. The company also has had distribution operations in Jamaica, in New York.

The lease was among seven new agreements ProLogis announced Monday for space in North Jersey totaling 490,600 square feet.

--Andrew Tangel

ACTION EMCO RETAINS JONES LANG: NORTH BERGEN -- Jones Lang LaSalle Inc., the real estate service firm, has been retained by Action Emco as its sublease agent for 196,592 square feet of industrial space at 5601 West Side Ave. in North Bergen. The property features 15,000 square feet of office and showroom space, 26-foot-high ceilings, 12 exterior docks, a drive-in door and "ample parking," Jones Lang said Monday.

--Andrew Tangel

JCP&L, UNION NEAR AGREEMENT: MORRISTOWN -- Members of the International Brotherhood of Electrical Workers (IBEW) System Council U-3 will vote Friday on a two-year contract with Jersey Central Power & Light (JCP&L) after the two sides reached a stipulated settlement agreement last week.

The agreement includes a 3 percent wage increase and provides membership with health care-coverage "that is consistent with plans offered to employees across FirstEnergy," the company said in a statement. JCP&L is a subsidiary of Akron, Ohio-based FirstEnergy Corp. It serves 1.1 million customers in 13 New Jersey counties, including Morris and Passaic.

System Council U-3 represents 1,200 JCP&L line and substation workers, meter readers and clerical staff.

--Kevin G. DeMarrais

PAMRAPO SEEKS FEDERAL HELP: BAYONNE -- Pamrapo Bancorp Inc., which has branches in five New Jersey towns including Fort Lee, said Monday that it will apply to the U.S. Treasury Department to participate in the Capital Purchase Program announced on Oct. 14 as part of the Emergency Economic Stabilization Act of 2008.

Under the program, Pamrapo is eligible to receive up to $11.4 million in capital through the issuance of preferred stock, based on 3 percent of Pamrapo's risk-weighted assets as of Sept. 30, 2008.

--By The Record's staff

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